Protect Yourself with Mexican Insurance when Shopping for Real Estate in Mexico

February 27, 2013

Real estate prices are low practically everywhere right now, and Tijuana and the surrounding area is no exception. If you’ve always dreamed of owning a second home down in Mexico, there’s never been a better time to make it a reality. There are some truly incredible Baja real estate deals out there, but you should still take your time to ensure that you get the right thing. Before heading down to check out real estate in Baja, arm yourself with high-quality Mexican auto insurance.

Don’t Leave Home without Mexican Auto Insurance

The last thing you want while checking out homes in Baja is to be put in jail. That could happen pretty easily if you drive around without Mexican insurance coverage. In the aftermath of even a small accident, the cops will ask to see proof of Mexican car insurance. If you can’t produce it, they will almost definitely take you to jail. They will detain you until they are done investigating the matter. There is no way to tell how long it will take, but even a minute in jail is a minute too long.

Take Your Time

You shouldn’t rush around while looking at real estate in Baja. As long as you have an experienced real estate agent by your side, though, you should be able to zero in on a handful of exceptional options. Still, don’t jump the gun. Take your time and look carefully at each home. Weigh the pros and cons of the various properties you visit. After a while, a clear favorite should emerge. You may not be able to make up your mind during your first visit, and it’s perfectly okay to return later to decide.

Buy Your Dream Home

Once you’ve located the perfect vacation home in Baja, you will need to act quickly. Many other people are looking in the area too. Your agent will probably recommend making an offer as quickly as possible. As long as your offer is reasonable, it should be accepted. As with buying real estate anywhere, you should have inspections performed. A few other factors come into play when buying property outside the U.S., so make sure your lender is up to speed on handling these kinds of real estate transactions to avoid trouble.

With quality Mexican car insurance the authorities in Mexico can’t put me in jail, even if a minor accident happens while checking real estate I’m looking at. I believe Mexico is a safe place for my wife and kids on vacation.

A friend of mine marveled about how cheap the price of real estate in Mexico was. I couldn’t drive in Mexico with my existing vehicle insurance, but that was not a problem as buying Mexico car insurance is easy.